Megaupload shutdown did nothing to slow piracy, study finds

The recent federal takedown of notorious file-sharing service Megaupload
was initially seen as a huge victory for owners of copyrighted music
and movies, but new research shows this may not be the case. Federal
prosecutors successfully shuttered the service last month
and arrested seven men associated with Megaupload including site
founder Kim Dotcom, who is said to have earned $42 million from the site
in 2010 alone. What was initially thought to be a victory for movie
studios and record labels is turning out to be an empty win, however, as
Megaupload’s closure has had almost no impact on file-sharing.